interest income not being taxable.
You have me interested. I don’t own rentals, but I’m certainly curious about interest income not being taxable.
I have my entire life built around the current tax system.
I have subcontractors do the jobs I need so I don't have to have a payroll, withholding, or workers comp. I am setup as individual proprietorship so that I can report my income on my regular tax form. I have no withholding for social security and medicare since I am self employed, and I have no sales taxes that I have to collect, or report because my income is derived from “real property” in the form of rents, on which there is no sales tax.
ect,ect,ect...